Planters in for flattish or weak 1Q performance


pDespite the higher realised palm products prices, Hong Leong Investment Bank (HLIB) Research expects most planters’ quarter-on-quarter (q-o-q) earnings will be weighed down by seasonally lower fresh fruit bunches (FFB) output and higher fertiliser costs.

PETALING JAYA: Most plantation companies will likely register flattish or weaker performance in their quarterly financial results, which will roll-out starting tomorrow.

Despite the higher realised palm products prices, Hong Leong Investment Bank (HLIB) Research expects most planters’ quarter-on-quarter (q-o-q) earnings will be weighed down by seasonally lower fresh fruit bunches (FFB) output and higher fertiliser costs.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Planters , financial results , palm oil , price ,

   

Next In Business News

Oil surges as reports of Israeli strike on Iran roil markets
Bitcoin slides below $60,000 on reports Israel strikes Iran
Stocks sink, oil jumps after Israeli attack on Iran
Yinson Production successfully places US$500mil bond issue
EG Industries expands partnership with US-based R&D firm
FBM KLCI rises despite broader market decline
Malaysia's exports rise in 1Q to RM362.41bil
Malaysia's economy likely grew 3.9% y-o-y in Q1 - advance estimate
Oil prices surge 3% on reports of Israeli strikes on Iran
US bonds rally on reports of Middle East missile strike

Others Also Read